Synthetic Biology Market is Expected to Reach $38.7 Billion, Globally, by 2020

Synthetic Biology Market is Expected to Reach $38.7 Billion, Globally, by 2020

According to a new report by Allied Market Research, titled "Global Synthetic Biology Market (Products, Technologies, Applications and Geography) - Global Opportunity Analysis and Forecast - 2013 - 2020", the global synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020.
 
Source: MarketWatch, May 27, 2014, http://www.marketwatch.com/story/synthetic-biology-market-is-expected-to...